Get Approved at The Lowest Rate
Traditional mortgage requirements in Covina, CA can often be challenging, especially for self-employed individuals or those with non-traditional income sources. A Bank Statement Home Loan offers a flexible and convenient alternative, making homeownership more accessible for those who might not fit the standard loan criteria.
A Bank Statement Home Loan is designed for individuals who can demonstrate their ability to repay the loan through their bank statements rather than traditional income documentation such as W-2s or tax returns. This loan program in Covina, CA is ideal for self-employed borrowers, freelancers, contractors, and small business owners who have a steady income but may not have the conventional paperwork to prove it.
Use your bank statements (usually 12 to 24 months) to verify income in Covina, CA instead of traditional documents like tax returns. This flexibility accommodates various income types, including irregular or seasonal earnings.
Secure financing for a wide range of loan amounts in Covina, CA, making it easier to purchase your dream home or refinance your existing mortgage.
Enjoy the benefits of competitive down payment options, ensuring you can invest in your home in Covina, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Covina, CA may not require PMI, potentially reducing your monthly payments.
Benefit from customized loan terms that suit your financial situation and long-term homeownership goals.
To qualify for a Bank Statement Home Loan, you need to meet the following criteria:
Ideal for individuals with self-employment income or other non-traditional income sources.
Provide 12 to 24 months of personal or business bank statements in Covina, CA to verify income.
A good credit score is typically required, with specific minimums varying based on the loan amount and other factors.
Ability to make a competitive down payment in Covina, CA, typically ranging from 10% to 20% of the purchase price.
Horizon Lending Services is dedicated to providing tailored mortgage solutions that meet your unique needs. Our experienced team understands the challenges of securing a loan with non-traditional income and is committed to helping you navigate the process with ease. We offer personalized service, competitive rates, and a seamless application process in Covina, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Covina, CA? Contact Horizon Lending Services today to learn more about how this flexible loan option can help you purchase or refinance your home. Our knowledgeable professionals are here to guide you through every step of the process, ensuring a smooth and successful experience.
Discover how Horizon Lending Services can make homeownership a reality with our Bank Statement Home Loan program.
A 12-month bank statement loan in Covina, California provides self-employed individuals a flexible financing option to secure a home loan without needing traditional income verification methods. This type of loan considers bank statements as proof of income, making it easier to qualify for those with fluctuating income or non-traditional employment. Demographically, Covina boasts a diverse population with a mix of young professionals, families, and retirees. The city offers a vibrant community with a range of cultural backgrounds, creating a dynamic and inclusive environment for residents of all ages. The Covina housing market is competitive yet offers opportunities for both buyers and sellers. With steady demand and a variety of housing options from single-family homes to condos, Covina presents a balanced real estate landscape suitable for different preferences and budgets. Some main attractions in Covina include the beautiful Covina Park, known for its green spaces and recreational facilities, perfect for outdoor activities and family gatherings. Additionally, the downtown area features a mix of shops, restaurants, and historical landmarks, providing a charming and bustling atmosphere for residents and visitors to enjoy.
Benefits of a 12-Month Bank Statement Loan in Covina, California
